Global Smartphones Sales May Have Peaked

Download or read book Global Smartphones Sales May Have Peaked written by Mr.Joannes Mongardini and published by International Monetary Fund. This book was released on 2020-05-29 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global smartphone sales may have peaked. After reaching nearly 1.5 billion units in 2016, global smartphone sales have since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated. This paper develops a simple model to forecast smartphone sales, which shows that sales are likely to decline further. As tech companies shift to embedded services (cloud computing, content subscriptions, and financial services), the impact on global trade may also be shifting in favor of services exports mostly from advanced economies.